Midlands State University Library
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An empirical relationship between price elasticity and price levels/ created by Hongjai Rhee

By: Material type: TextTextSeries: Applied economics letters ; Volume 20, number 2New York: Taylor and Francis, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 13504851
Subject(s): LOC classification:
  • HB1.A666 APP
Online resources: Abstract: This study examines price competition between Duty-Free Stores (DFSs). The primary research question is the relationship between the own- and cross-store price elasticities, on the one hand, and the average price levels of DFS products, on the other hand. Using a unique data set of DFS sales in Korea combined with a hierarchical Bayesian model, we show that the own- and cross-store price elasticities increase significantly with the average price level.
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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HB1.A666 APP (Browse shelf(Opens below)) Vol. 20, no.1 (pages 190-193) SP17971 Not for loan For in house use only

This study examines price competition between Duty-Free Stores (DFSs). The primary research question is the relationship between the own- and cross-store price elasticities, on the one hand, and the average price levels of DFS products, on the other hand. Using a unique data set of DFS sales in Korea combined with a hierarchical Bayesian model, we show that the own- and cross-store price elasticities increase significantly with the average price level.

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